If MPC was equal to 0.5, would doubling your income double your consumption spending?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:52 AM

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If MPC was equal to 0.5, would doubling your income double your consumption spending?

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No doubling income doesnt double the consumption spend...View the full answer

Exploring Economics

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